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Top Cryptocurrencies Rise; Bitcoin Holds Above $80,000

Major digital assets rose Friday with Bitcoin (BTC-USD) holding above $80,000.The CoinDesk Market Index, which tracks dozens of digital assets including Bitcoin, rose 1.5% in the past 24 hours. The Nasdaq 100 rose 1.7%, the S&P 500 gained 0.8%, and the Dow Jones Industrial Average little changed.Bitcoin rose 0.1% to $80,099, according to CoinMarketCap data. The most popular cryptocurrency's 24-hour trading volume fell 6.7% to $34.7 billion.Ethereum (ETH-USD), the second-largest digital asset by market value, added 0.9% to $2,315.XRP (XRP-USD) gained 2.3%, BNB (BNB-USD) rose 0.6%, and Solana (SOL-USD) added 4.5%. Dogecoin (DOGE-USD) climbed 0.7%, while Cardano (ADA-USD) advanced 3%.The US 10-year Treasury yield stood at 4.363% at 3 p.m. ET Friday, down from 4.392% Thursday, while the five-year yield fell to 4.011% from 4.043%.The total market value of the cryptocurrency industry rose 0.6% in the past 24 hours to $2.67 trillion, with trading volume gaining 0.3% to $162.4 billion.Price: $80101.31, Change: $+86.04, Percent Change: +0.11%

$ADA-USD$BNB-USD$BTC-USD$DOGE-USD$ETH-USD$SOL-USD$XRP-USD

Australia14h ago

Update: Market Chatter: Apple, Meta Oppose Canadian Bill on Weakening Encryption

(Updates with Meta's statement in the fourth and fifth paragraphs.)Apple (AAPL) and Meta Platforms (META) have opposed a Canadian bill that could require them to break the encryption of their devices and services, Reuters reported Thursday, citing company statements.Canada's ruling Liberal Party proposed Bill C-22, which law-enforcement officials say would help them probe security threats earlier and take immediate action, according to the report.End-to-end encryption means that only the users can access their data without the decryption key, and it is widely used in services like WhatsApp and iMessage, Reuters said."The technical community's consensus on this is clear: it is not possible to build backdoors to encrypted systems for law enforcement without creating vulnerabilities that will be exploited by malicious actors," Meta said Thursday in a statement.Meta wants the bill revised to drop third-party surveillance mandates, protect encryption by tightening the "systemic vulnerability" definition, and create a formal mechanism to contest problematic requests, according to the statement.Apple did not respond immediately to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $293.43, Change: $+6.00, Percent Change: +2.09%

$AAPL$META

Australia14h ago

Largo Files $146.2 Million Mixed Shelf

Largo (LGO) filed a registration statement on Friday for the sale of 200 million Canadian dollars ($146.2 million) of securities from time to time.The filing covers common shares, warrants, units, debt securities, and subscription receipts.Net proceeds will be used to repay debt and for general corporate purposes.Price: $1.15, Change: $-0.01, Percent Change: -1.29%

$LGO

Australia14h ago

Mueller Industries Keeps Quarterly Dividend at $0.35 a Share, Payable June 19 to Holders of Record June 5

Price: $140.72, Change: $+2.96, Percent Change: +2.15%

$MLI

Australia14h ago

Market Chatter: HSBC Reviewed Lending Policies After $400 Million Provision Against Fraud

HSBC (HSBC) has reviewed its lending policies and procedures following a $400 million provision against a fraud in its UK business, Reuters reported Friday, citing the bank's chairman.The bank reported the unexpected charge on Tuesday, which is connected to the collapse of British mortgage lender Market Financial Solutions, with no losses recorded against the provision yet, according to the report.The bank has concluded that the incident as a one-off and not a systematic issue, per the report.HSBC did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $90.01, Change: $+1.04, Percent Change: +1.17%

$HSBC

Australia14h ago

Planet Fitness Faces Member Growth, Marketing Headwinds, RBC Says

Planet Fitness (PLNT) faces near-term pressure from weak member growth, marketing changes, elevated churn, paused Black Card pricing, potential franchisee caution, and a lowered outlook, RBC Capital Markets said.The investment firm said in a Thursday note that Planet Fitness added fewer members than expected in Q1 as marketing failed to resonate with its core customer base, while member trends remained weak through April due to softer demand, competition in select markets and ineffective messaging.Churn is expected to remain above normal through 2026, partly driven by a higher mix of younger members who typically cancel more often, while competition in select markets is also weighing on performance, RBC said.The pause in Black Card pricing could weigh on same-store sales expectations for 2026, while franchisees may reassess development plans following the weaker outlook, according to the note.The investment firm said there is currently no clear line of sight to an improvement in member growth as the company works to adjust its marketing strategy. The brokerage also reiterated its Outperform rating, noting that long-term growth drivers remain intact despite near-term execution challenges.RBC cut its price target for Planet Fitness to $55 from $85 and kept its outperform rating.Price: $45.21, Change: $+1.20, Percent Change: +2.72%

$PLNT

Australia14h ago

Market Chatter: Apple, Meta Oppose Canadian Bill on Weakening Encryption

Apple (AAPL) and Meta Platforms (META) have publicly opposed a Canadian bill that could require them to break the encryption of their devices and services, Reuters reported Thursday, citing companies' statements.Canada's ruling Liberal Party proposed Bill C-22, which law enforcement officials claim would help them probe security threats earlier and take immediate action, according to the report.End-to-end encryption means that only the users can access their data without the decryption key, and it is widely used in services like WhatsApp and iMessage, Reuters said.Apple and Meta did not immediately respond to a request for comment by.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $292.46, Change: $+5.04, Percent Change: +1.75%

$AAPL$META

Australia14h ago

PubMatic Delivers 'Solid' Start to Year, RBC Says

PubMatic (PUBM) showed a "solid" start to the year with revenue and adjusted EBITDA exceeding expectations and the high-end of guidance, RBC Capital Markets said in a Friday note."The fundamental drivers continue to track well with the focus being on the agentic opportunity along with tailwinds around CTV, mobile, and midmarket DSPs," the note said. CTV refers toconnected TV, and DSP to demand-side platforms.RBC analysts said they will be looking for a double-digit growth to return in the back-half of the year as the legacy DSP headwind will lapse in intra-quarter Q3.RBC raised its price target to $13 from $11 and maintained its outperform rating.Price: $10.78, Change: $+0.54, Percent Change: +5.27%

$PUBM

Australia14h ago

Update: Market Chatter: Anthropic Signs $1.8 Billion Computing Deal with Akamai Technologies

(Updates with Akamai Technologies' reply to a request for comment.)Amazon-backed (AMZN) Anthropic has signed a $1.8 billion computing deal with Akamai Technologies (AKAM), a cloud services provider, to help meet surging demand for its artificial intelligence software, Bloomberg reported Friday, citing people familiar with the matter.Akamai declined to comment to, while Anthropic didn't immediately respond to a request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $272.42, Change: $+1.25, Percent Change: +0.46%

$AKAM$AMZN

Australia14h ago

HSBC Lowers Wynn Resorts Price Target to $129 From $136

Wynn Resorts (WYNN) has an average rating of Buy and mean price target of $140.72, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $100.02, Change: $-6.83, Percent Change: -6.39%

$WYNN

Australia14h ago

Update: PTC Therapeutics Shares Rise After Q1 Results Beat Consensus

(Updates with recent stock movement in headline and first paragraph.)PTC Therapeutics (PTCT) shares rose 17% in afternoon trading on Friday after posting a lower-than-expected net loss for Q1, as well as total revenue that surpassed analysts' consensus.The company reported late Thursday a Q1 net loss of $0.03 per diluted share, swinging from earnings of $10.04 a year earlier.Analysts polled by FactSet expected a loss of $0.47.Total revenue for the three months ended March 31 fell to $272.6 million from $1.18 billion a year earlier.Analysts surveyed by FactSet expected $218.8 million.For 2026, the company expects total revenue of $1.08 billion to $1.18 billion. Analysts expect $982.9 million.Price: $75.91, Change: $+11.42, Percent Change: +17.70%

$PTCT

Australia14h ago

Citigroup Cuts Fidelity National Information Services Price Target to $48 From $53

Fidelity National Information Services (FIS) has an average rating of overweight and mean price target of $64.43, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $43.76, Change: $-3.49, Percent Change: -7.39%

$FIS

Australia14h ago

Market Chatter: Google's Isomorphic Labs in Advanced Talks to Raise over $2 Billion in New Funding

Isomorphic Labs, a drug discovery company that was spun out of Alphabet's (GOOG, GOOGL) Google DeepMind, is in advanced talks to raise over $2 billion in a new round of funding, Bloomberg reported Friday, citing people familiar with the matter.Isomorphic Labs didn't immediately reply to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $395.42, Change: $+0.12, Percent Change: +0.03%

$GOOG$GOOGL

Australia14h ago

Republic Services' 'Good' Underlying Results Partly Offset by Volume, Commodity Headwinds, RBC Says

Republic Services' (RSG) Q1 results were largely in-line with peers, with good underlying results partially offset by volume and commodity-related headwinds, RBC Capital Markets said in a note Friday.RBC said it expects a guidance revision in Q2, as the company reiterated 2026 guidance despite the beat. The company highlighted temporary large-container volumes, mainly construction-related, which improved 500 basis points quarter-over-quarter, with revenue for the business also growing for the first time in 2 years, according to the note.Republic Services plans to bring 4 RNG projects online in 2026, which are expected to add about $10 million of incremental revenue and adjusted earnings before interest, taxes, depreciation, and amortization in 2026, $15 million in 2028 and 2029, and $20 million in 2030, the brokerage said.Looking ahead, the brokerage sees upside to 2026 guidance from improving commodity prices, the macro environment, and incremental mergers and acquisitions activity.RBC kept an outperform rating on Republic Services and raised the price target to $267 from $265.Price: $199.58, Change: $-1.97, Percent Change: -0.98%

$RSG

Australia15h ago

Google's Isomorphic Labs in Advanced Talks to Raise Over $2 Billion in New Funding, Bloomberg Reports

Price: $395.59, Change: $+0.29, Percent Change: +0.07%

$GOOG$GOOGL

Australia15h ago

Loar Confident in Attaining 10% Organic Growth, RBC Says

Loar (LOAR) is confident in attaining around 10% organic growth in the "foreseeable future," with the Middle East conflict not having an impact on the company so far, RBC Capital Markets said in a Thursday note.The company highlighted that its new-business pipeline is about $700 million, mostly tied to aero original equipment programs, and that even a modest 15% conversion would generate over 3% of organic growth, meeting its annual target, RBC analysts said. They noted that the 15% figure was conservative and expected more than 3% growth in the near term.Loar raised its full-year 2026 revenue forecast by $5 million, driven by strong commercial original equipment and aftermarket performance and contributions from its recent acquisitions LMB and Harper Engineering, according to the note. The analysts believe the guidance is conservative and expect results at the top end of the guidance.The analysts believe that the market is underestimating Loar's full upside in margin potential, and see the commentary at the company's earnings call as positive for investor sentiment.RBC maintained the company's stock rating at outperform and lowered the price target to $80 from $90.Price: $60.65, Change: $+0.55, Percent Change: +0.92%

$LOAR

Australia15h ago

Piper Sandler Cuts Trade Desk Price Target to $24 From $28, Neutral Rating Kept

Trade Desk (TTD) has an average rating of overweight and mean price target of $27.31, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $22.34, Change: $-1.15, Percent Change: -4.90%

$TTD

Australia15h ago

Innodata Shares Jump After Posting Higher Q1 Results

Innodata (INOD) shares jumped about 87% in afternoon trading Friday, a day after the company reported higher Q1 results and raised its full-year revenue growth guidance.The company reported Q1 earnings late Thursday of $0.42 per diluted share, up from $0.22 a year earlier.Four analysts surveyed by FactSet expected $0.08.Revenue for the three months ended March 31 was $90.1 million, up from $58.3 million a year earlier.Four analysts polled by FactSet expected $76.5 million.The company raised its 2026 revenue growth guidance to 40% or more from prior outlook of 35% or more.Price: $85.16, Change: $+39.52, Percent Change: +86.59%

$INOD

Australia15h ago

Update: Texas Roadhouse Shares Rise After Fiscal Q1 Earnings, Revenue Increase

(Updates with the latest stock move in the headline and the first paragraph.)Texas Roadhouse (TXRH) shares were up 14% in Friday trading after the company posted higher Q1 earnings and revenue, and maintained its quarterly dividend late Thursday.The company reported quarterly earnings of $1.87 per diluted share, up from $1.70 a year earlier.Analysts polled by FactSet expected $1.80.Revenue for the 13 weeks ended March 31 was $1.63 billion, up from $1.45 billion a year earlier.Analysts surveyed by FactSet expected $1.64 billion.The company maintained its quarterly dividend at $0.75 per share, payable June 30 to stockholders of record June 2.Price: $179.81, Change: $+21.88, Percent Change: +13.85%

$TXRH

Australia15h ago

Rayonier Seen Positioned for Cash-Flow Growth as Lumber Prices Recover, RBC Says

Rayonier (RYN) is seen benefiting from stronger lumber prices, expanding solar-land opportunities and continued share repurchases, RBC Capital Markets said Thursday in a report.RBC highlighted Rayonier's "solid balance sheet," flexible capital-allocation strategy and the operational benefits from its merger with PotlatchDeltic.Improving lumber prices should support log prices over time, particularly in the Northwest and Idaho, though management described current Northwest log markets as "softer" and "more tenuous" than in prior years, the report said.Expansion of Rayonier's land-based solutions platform should support long-term cash flow, given the significantly higher per-acre economics and strong free-cash-flow conversion associated with solar-option acreage, the report said.RBC reiterated its sector perform rating on Rayonier stock and its $24 price target.Price: $20.49, Change: $+0.07, Percent Change: +0.37%

$RYN

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